Morocco: Ciments du Maroc has completed its acquisition of Atlantic Ciment and Cimsud from the Anouar Invest Group following an agreement originally signed in July 2019. The subsidiary of HeidelbergCement now owns 100% of the capital of the companies. Atlantic Ciment is building an integrated cement production plant in the province of Settat and Cimsud operates a grinding unit in Laâyoune with a capacity of 0.5Mt/yr. The cement producer said that the acquisition was part of its strategy to develop its cement, aggregates, and ready-mix concrete activities in Morocco.
Ciments du Maroc completes acquisition of Atlantic Ciment and Cimsud
URL: https://www.globalcement.com/news/item/10821-ciments-du-maroc-completes-acquisition-of-atlantic-ciment-and-cimsud
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